Asked by Nicholas Bermudez on May 13, 2024

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Planning is a function that involves

A) hiring the right people for a particular job.
B) coordinating the accounting information system.
C) setting goals and objectives for an entity.
D) analyzing financial statements.

Planning

The process of making strategic decisions and setting objectives and goals for future organizational performance.

Goals And Objectives

The targets and specific outcomes that individuals or organizations aim to achieve through their actions and strategies.

Accounting Information System

A system that collects and processes transaction data and communicates financial information to decision-makers.

  • Recognize planning as a key function of management that involves setting objectives for performance.
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KS
Kayland SebriaMay 20, 2024
Final Answer :
C
Explanation :
Planning involves setting goals and objectives for an entity, which involves determining what needs to be achieved, why it needs to be achieved, and how it will be achieved. Hiring the right people (A), coordinating accounting information system (B), and analyzing financial statements (D) are not specifically parts of planning, although they may be related to other functions within a business.